Matt W.

asked • 11/12/17

Math problem please help it’s due tonight

Suppose that you invest $14800.00
14800.00
between two accounts. The first account is safer and yields 5.4% interest. The second account is riskier, but yields an interest rate of 9.7%. Letting x
x
denote the amount of money invested in the first, safer account, and letting y
y
denote the amount of money invested in the second, riskier account, setup a system of linear equations which you could solve to find out how much money you should invest in the accounts so that you earn $1070.10
1070.10
in interest per year.

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